OPEN INTEREST MARKET TREND

Good open interest last day led by huge short covering and managing higher closing. Any correction in the banking and IT sector may lead to retesting 21825 levels immediately.

Levels for upside.

22000/22053/22198 previous week’s high.

Downside.

21892/21825/21777/21647

Closed in green but Price failed in closing to manage the day high and closed at the previous high. Fewer buyers in closing with falling OI.

Need to see 1st 30 minutes of price movement to decide the next action only in intraday.

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